Receives multiple Best in KLAS awards in
Claims Management & Clearinghouse and Patient Access
LEHI,
Utah and LOUISVILLE, Ky., Feb. 5, 2025
/PRNewswire/ -- Waystar Holding Corp. (Nasdaq: WAY), a provider of
leading healthcare payment software, today announced its top
ranking in multiple 2025 Best in KLAS categories: Claims Management
& Clearinghouse and Patient Access. Based on independent client
feedback, these recognitions underscore the value healthcare
providers gain from Waystar's AI-powered software platform, fueled
by continuous innovation and a steadfast focus on client
satisfaction, empowering providers to tackle the industry's most
pressing challenges.
Providers cite the need for improved client service as the
primary driver for switching revenue cycle management vendors,
according to a recent third-party survey. The latest Best in KLAS
results highlight Waystar's commitment to client support
excellence, with number-one rankings in claims management &
clearinghouse and patient access solutions. These recognitions
underscore Waystar's status as a top software leader in revenue
cycle management, marking over a dozen consecutive years of being
named Best in KLAS.
"We are honored to receive this feedback from healthcare
providers regarding our innovation and unwavering commitment to
client support," said Matt Hawkins,
Chief Executive Officer of Waystar. "Waystar will continue to build
and deliver advanced, end-to-end revenue cycle solutions that help
our clients achieve their operational goals while
enhancing transparency and fairness for both providers and
their patients."
Providers increasingly turn to Waystar's software to navigate
operational complexities and position themselves for future
success. Waystar's platform optimizes revenue cycle workflows by
integrating front-end patient access with back-end claims
management to achieve operational efficiency and a meaningful ROI.
Its powerful automation capabilities enhance denial prevention
through eligibility verification and coverage detection,
accelerating reimbursements. Powered by Waystar AltitudeAI™, a
comprehensive set of AI capabilities for providers, the platform
continuously adapts to changing payer policies and claim trends,
delivering predictive insights that improve financial performance,
ultimately enabling providers to achieve elevated productivity and
precision in healthcare payments.
In 2024, Waystar's claims and clearinghouse solutions
played a crucial role in stabilizing the healthcare industry after
a cyber incident that disrupted claims processing nationwide. In
response, Waystar launched the Accelerated Implementation Program,
quickly onboarding over 30,000 providers to its clearinghouse,
restoring cash flow and ensuring continuity of care. Many of these
providers have committed long-term to Waystar, expanding their
adoption of additional solutions on the platform and becoming more
active in their client community.
Waystar's recognition by KLAS adds to a series of recent
prestigious third-party awards, including Forbes' Most
Trusted Companies in America, Fortune's Best
Workplaces in Health Care, the Healthcare Payments Innovation Award
from MedTech Breakthrough, and multiple Gold Stevie® Awards for the
company's cloud-based software platform and
leadership in AI.
About Waystar
Waystar's mission-critical software is
purpose-built to simplify healthcare payments so providers can
prioritize patient care and optimize their financial performance.
Waystar serves approximately 30,000 clients, representing over 1
million distinct providers, including 16 of 20 institutions on the
U.S. News Best Hospitals Honor Roll. Waystar's enterprise-grade
platform annually processes over 5 billion healthcare payment
transactions, including over $1.2
trillion in annual gross claims and spanning approximately
50% of U.S. patients. Waystar strives to transform healthcare
payments so providers can focus on what matters most: their
patients and communities. Discover the way forward
at waystar.com.
Media Contact
Kristin Lee
kristin.lee@waystar.com
Investor Contact
Sandy
Draper
investors@waystar.com
502-238-9511
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SOURCE Waystar